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523 S Citron Street, Anaheim, California 92805, Anaheim, 92805 - 3 bed, 2 bath

523 S Citron Street, Anaheim, California 92805 home-pic-0
ACTIVE$1,175,000
523 S Citron Street, Anaheim, California 92805
3Beds
2Baths
2,209Sqft
5,505Lot

Price Vs. Estimate

The estimated value ($1,049,710.475) is $125,289.525 (10%) lower than the list price ($1,175,000). This property may be overpriced.

Key pros and cons

Top Pros:
Rare Short-Term Rental License: The property holds a highly coveted short-term rental license, a rarity in Anaheim (only ~250 homes), adding significant value and investment potential.
Top Cons:
Potential Lack of Modern HVAC: As a 1926 build, the property description does not explicitly mention a modern central air conditioning system, which could be a drawback during warmer months.

Compared to the nearby listings

Price:$1.18M vs avg $870.0K (+$305,000)86%
Size:2,209 sqft vs avg 1,457 sqft91%
Price/sqft:$532 vs avg $60428%

More Insights

Built in 1926 (99 years old).
Condition: The property, built in 1926, is well-maintained and features some updates like recessed lighting and hardwood flooring in certain areas. However, the kitchen and bathrooms, while functional and clean, exhibit dated styles. The kitchen has tiled countertops and older white appliances, and the bathroom features a tiled vanity and track lighting. These elements suggest renovations that are likely 15-30 years old, rather than recent modern updates. The home is aged but maintained, and major components are functional but show signs of being outdated, aligning with the 'Fair' condition criteria.
Year Built
1926
Close
-
List price
$1.18M
Original List price
$1.18M
Price/Sqft
$532
HOA
-
Days on market
-
Sold On
-
MLS number
IG25058231
Home ConditionFair
Features
Patio
View-

About this home

Charming residence located in the heart of Anaheim's historic Colony District. This beautifully maintained 3-bedroom, 2-bathroom home has 2,275 square feet of living space on a spacious 5,505 square-foot lot. Built in 1926, this home combines timeless architectural details with modern updates. Step inside to discover a light-filled living room, complemented by original features that exude character and warmth. The updated kitchen is perfect for culinary enthusiasts, offering ample space and modern conveniences. The bedrooms are generously sized, providing comfort and tranquility for everyone in the household. This home is currently licensed as a Short-Term Rental Business. With only about 250 houses in Anaheim holding this highly coveted license, it adds significant value—worth hundreds of thousands more than comparable homes of this size. The outdoor area features a well-maintained yard, ideal for entertaining or relaxing in privacy. Located near Anaheim's vibrant downtown, you'll enjoy easy access to shopping, dining, entertainment, and major attractions like Disneyland and the Anaheim Packing District. This home is not just a place to live but a lifestyle to cherish. Don’t miss the opportunity to own a piece of Anaheim's history while enjoying all the amenities of contemporary living, along with the exceptional investment potential of its rare short-term rental license.

Nearby schools

7/10
Franklin (Benjamin) Elementary School
Public,•K-6•0.2mi
4/10
Ross (Betsy) Elementary School
Public,•K-6•0.4mi
3/10
Orange Grove Elementary School
Public,•K-6•0.6mi
4/10
Jefferson (Thomas) Elementary School
Public,•K-6•0.9mi
5/10
Westmont Elementary School
Public,•K-6•1.0mi
4/10
Mann (Horace) Elementary School
Public,•K-6•1.3mi
2/10
Lincoln (Abraham) Elementary School
Public,•K-6•1.5mi
3/10
Guinn (James M.) Elementary School
Public,•K-6•2.4mi
1/10
Sycamore Junior High School
Public,•7-8•2.0mi
2/10
South Junior High School
Public,•7-8•2.2mi
4/10
Anaheim High School
Public,•9-12•0.4mi
5/10
Katella High School
Public,•9-12•2.1mi
Condition Rating
Fair
The property, built in 1926, is well-maintained and features some updates like recessed lighting and hardwood flooring in certain areas. However, the kitchen and bathrooms, while functional and clean, exhibit dated styles. The kitchen has tiled countertops and older white appliances, and the bathroom features a tiled vanity and track lighting. These elements suggest renovations that are likely 15-30 years old, rather than recent modern updates. The home is aged but maintained, and major components are functional but show signs of being outdated, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Rare Short-Term Rental License: The property holds a highly coveted short-term rental license, a rarity in Anaheim (only ~250 homes), adding significant value and investment potential.
Historic Charm with Modern Updates: Built in 1926 within the historic Colony District, the home beautifully blends timeless architectural details with modern updates, including an updated kitchen.
Prime Location & Accessibility: Situated in the heart of Anaheim's vibrant downtown, offering easy access to shopping, dining, entertainment, Disneyland, and the Anaheim Packing District.
Spacious Living & Lot Size: Features a generous 2,275 square feet of living space on a well-maintained 5,505 square-foot lot, providing ample room for comfort and outdoor activities.
Well-Maintained & Character-Rich: The residence is beautifully maintained, boasting original features and a light-filled living room, contributing to its unique character and warmth.

Cons

Potential Lack of Modern HVAC: As a 1926 build, the property description does not explicitly mention a modern central air conditioning system, which could be a drawback during warmer months.
Above Estimated Market Value: The listing price is approximately 9% higher than the property's estimated value, potentially indicating it is overpriced compared to current market assessments.
Mixed School Ratings: While some nearby schools are well-rated, several elementary and middle schools in the vicinity have lower ratings (1-3), which may be a consideration for families.

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